Equitable Holdings Inc. acquired a new stake in shares of Williams Companies, Inc. (The) (NYSE:WMB – Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 28,400 shares of the pipeline company’s stock, valued at approximately $2,111,000.
Several other large investors also recently added to or reduced their stakes in the stock. State Street Corp increased its position in shares of Williams Companies by 1.9% during the fourth quarter. State Street Corp now owns 67,981,106 shares of the pipeline company’s stock worth $4,086,344,000 after acquiring an additional 1,296,991 shares during the period. Bank of America Corp DE boosted its holdings in shares of Williams Companies by 4.8% in the fourth quarter. Bank of America Corp DE now owns 46,053,873 shares of the pipeline company’s stock valued at $2,768,298,000 after purchasing an additional 2,100,164 shares during the period. Morgan Stanley grew its stake in Williams Companies by 11.0% in the fourth quarter. Morgan Stanley now owns 33,572,067 shares of the pipeline company’s stock worth $2,018,017,000 after purchasing an additional 3,314,851 shares in the last quarter. Clearbridge Investments LLC increased its holdings in Williams Companies by 21.3% during the 4th quarter. Clearbridge Investments LLC now owns 21,325,482 shares of the pipeline company’s stock worth $1,281,875,000 after purchasing an additional 3,748,126 shares during the period. Finally, Deutsche Bank AG increased its holdings in Williams Companies by 1.2% during the 4th quarter. Deutsche Bank AG now owns 20,036,698 shares of the pipeline company’s stock worth $1,204,406,000 after purchasing an additional 239,732 shares during the period. 86.44% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other Williams Companies news, SVP Terrance Lane Wilson sold 13,000 shares of the stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $74.87, for a total transaction of $973,310.00. Following the completion of the sale, the senior vice president directly owned 268,159 shares of the company’s stock, valued at approximately $20,077,064.33. This represents a 4.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders have sold 17,000 shares of company stock valued at $1,262,930 in the last ninety days. Insiders own 0.47% of the company’s stock.
Williams Companies Stock Down 0.6%
Williams Companies (NYSE:WMB – Get Free Report) last announced its quarterly earnings results on Monday, August 3rd. The pipeline company reported $0.50 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.50. The business had revenue of $3.05 billion for the quarter, compared to the consensus estimate of $2.83 billion. Williams Companies had a return on equity of 18.49% and a net margin of 25.17%.The business’s revenue was up 9.8% compared to the same quarter last year. During the same period last year, the business posted $0.46 EPS. Williams Companies has set its FY 2026 guidance at 2.350-2.350 EPS. As a group, analysts expect that Williams Companies, Inc. will post 2.45 EPS for the current fiscal year.
Williams Companies Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, September 28th. Shareholders of record on Friday, September 11th will be paid a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 2.8%. The ex-dividend date is Friday, September 11th. Williams Companies’s payout ratio is 83.67%.
Wall Street Analysts Forecast Growth
Several brokerages have weighed in on WMB. UBS Group reiterated a “buy” rating on shares of Williams Companies in a report on Tuesday, July 14th. The Goldman Sachs Group restated a “buy” rating and set a $82.00 price target on shares of Williams Companies in a research note on Tuesday, July 14th. Weiss Ratings restated a “buy (b)” rating on shares of Williams Companies in a report on Wednesday, June 24th. Barclays upped their price objective on shares of Williams Companies from $73.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 8th. Finally, Scotiabank increased their target price on shares of Williams Companies from $85.00 to $86.00 and gave the stock a “sector outperform” rating in a report on Tuesday, May 12th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $85.60.
Read Our Latest Research Report on Williams Companies
Williams Companies Profile
Williams Companies, Inc (NYSE: WMB) is a U.S.-based energy infrastructure company focused on the midstream segment of the natural gas value chain. The company develops, owns and operates assets that gather, process, transport and store natural gas and natural gas liquids (NGLs). Its operations support the movement of gas from production areas to end users including utilities, power generators, industrial customers and export facilities.
Williams’s product and service offering includes interstate and intrastate pipeline transmission, gas-gathering systems, processing facilities that remove impurities and separate NGLs, storage services and fractionation and transportation of NGL products.
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